Constellation Software is spinning out Topicus.com, its Netherlands-based subsidiary, in the hopes it will grow faster and be able to acquire tech firms focused on government, health-care and education software. The deal requires regulatory approval and a green light from the exchange. (The Globe and Mail)
Skip to content
Constellation Software is spinning out Topicus.com, its Netherlands-based subsidiary, in the hopes it will grow faster and be able to acquire tech firms focused on government, health-care and education software. The deal requires regulatory approval and a green light from the exchange. (The Globe and Mail)
Talking point: Topicus and Constellation will spend an estimated $650 million-plus on acquisitions over the next 12 months, according to RBC analyst Paul Treiber. The former will have 4,250 employees, although it pales in size to Constellation, one of Canada’s largest tech firms, with over 15,000 employees and a $32-billion market capitalization. Constellation will hold most of the shares in Topicus after the firm goes public; it’ll also control a majority of the board and the voting shares.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Canadians could demand firms delete their personal data under new privacy bill
Briefing
IPOs need to be easier for startups if Canada wants 1,000 Shopifys, Champagne says
Nuvei to acquire cross-border payments company Payoneer for US$2.75B
Joly to visit carmakers on 10-day trip to China and Japan
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
